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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Exxon CEO's compensation rises 3 percent to $28.1M

IRVING, Texas (AP) — The CEO of Exxon Mobil Corp. received compensation worth $28.1 million last year, a 3 percent increase over the previous year, according to an Associated Press analysis of a company regulatory filing.

Most of Rex W. Tillerson's compensation was in the form of stock awards, which the largest U.S. oil company valued at $21.3 million when they were granted.

His overall compensation for 2013 was up from $27.2 million in 2012, under The AP's calculation.

The AP analysis of Tillerson's compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Friday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of Tillerson's pension benefits.

Tillerson, 62, received a salary of $2.7 million, a 6 percent increase from a year ago, plus a cash bonus of nearly $3.7 million, which was down 20 percent because Exxon's earnings fell compared with 2012, the company said.

The value of Tillerson's stock awards increased $1.6 million, or 8 percent, from 2012, because of a rise in the company's share price. He received other compensation valued at $496,704. The biggest items in that miscellaneous category were $190,190 in matching contributions to a retirement plan and $177,140 for personal security.

Exxon earned $32.6 billion last year, a decrease of 27 percent from 2012, which was the company's second-best year ever, helped by high and rising oil prices. Exxon Mobil shares, however, rose 17 percent in a strong stock market during 2013. Through Thursday's close, they were down 4 percent in 2014.

Exxon produces oil around the world and is also the biggest producer of natural gas in the United States since it bought XTO Energy in 2010, a deal that hasn't lived up to expectations because of low gas prices. Tillerson, who also serves as chairman, has led the Irving-based company since 2006.
 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?